Smart Holding N.V. (the Netherlands) has gained direct control over a minority share in Inter Activ LLC, which in May purchased a special permit to develop the Zalesy-Shmenki copper ore deposit in Volyn region. On September 22, the company bought 24.99% in the LLC. “Inter Activ has made an additional issue to increase its statutory…Details
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Metinvest has supplied another batch of drones valued at almost 1.5 million UAH to the Armed Forces of Ukraine. “Our people, our miners also serve in the Armed Forces, defending the Donbass lands. And it is to these armed formations that we provide aid today. The Metinvest Pokrovskvugillya enterprises support the Steel Front military initiative,…Details
Despite difficult situation with t shelling of Nikopol by Russian troops, Centravis Production Ukraine continues producing stainless pipes at two lines. “We do everything possible to resume night shifts. All the machinery is operating. We have enough billets,” the company CSO Artem Atanasov has said in a letter to customers. The company CEO Yuri Atanasov…Details
The Committee of Industrial Development intends to prolong the prohibition of exporting ferrous and non-ferrous metals scrap and wastes from Kazakhstan. The corresponding order will be in the public discussion until October 5. The ban will be prolonged for 6 months. The ban was imposed on May 6. (Ukrainian metal)Details
ArcelorMittal Kriviy Rih has carried out a scheduled repair of the 140-ton excavator No. 55 in the quarry No. 3. The machine weights 450 tons and has the ladle volume of 10 cubic meters. The quarry operates 11 excavators of various models with the ladle volumes of 5.5 to 12.5 cubic meters. (Ukrainian metal)Details
In August, Ukraine decreased steel output by 80% YoY, to 366 thousand tons. Thus, the company dropped to the 30th place in the global steel manufacturers rating. In July, Ukraine produced 281 thousand tons of steel, in June – 295 thousand tons, in May – 308 thousand tons, in April – 281 thousand tons, in…Details
The Agency on the Management of State Assets of the Republic of Uzbekistan has announced the launch of the auction to privatize the 100% state share in Angren Pipe Plant LLC. The company produces copper pipes of various diameters. Its design capacity is 8 thousand tons per year. 90% of pipes are exported. In 2021,…Details
Servicemen from Donetsk region have received another batch of bulletproof vests from the Metinvest Group. Plates for the vests are of Metinvest make. Shooting tests have shown that they withstand calibers of 5.45 and 7.62 mm. “Since the first days of the war Metinvest has been providing aid to our employees, their families and, of…Details
The Lviv Defence Cluster has received over 500 tons of steel sheets from the Metinvest Group for free. From these sheets the LDC specialists produced a considerable amount from 80 thousand bulletproof vests already provided to the Ukrainian defenders. LDC was able to launch manufacture from scratch during the war. “We aim to produce 100…Details
Severniy Mining and Processing Works has begun the second stage of the LURGI 552 A pelletizing machine repair in the pellets shop No. 2. The repair presupposes lining work. Earlier, the company has repaired machinery. Investments in the project amount to 6 million UAH. (Ukrainian metal)Details
On September 29, Odescable will hold a remote shareholders meeting. Odescable produces a wide range of copper and optic-fiber, LAN, power cables, etc. The company has not disclosed its financial results for 2021 yet, but in 2020 it had a loss of 27.1 million UAH and a net income of 1.75 billion UAH. (Ukrainian metal)Details
Avdiivka Coke and Chemical Works, the machinery of which is being mothballed, under constant shelling is making ready for winter. Coal has been delivered to the company bomb shelters. Supply of new heating boilers is expected. Thus, during shelling the company employees will remain in shelters with some comfort. Coke shops will be cold-mothballed. For…Details
Metinvest will make no large-scale investments in long-term projects in Ukraine until the country secures a considerable victory in the war with Russia. “This must not necessarily be Russia’s capitulation. But this must be a decisive moment at the end of the war, not another Minsk agreement. This must be something serious, with safety guarantees…Details